Price Range: From to

Lucas County 178

$747,600
  • Description
  • Video
  • Details
  • Features
  • Address

Description

This 178 m/l acre farm is located 1 hour from Des Moines just SW of Chariton, Iowa in Lucas County.  If you’re looking for a highly productive row crop farm with good returns and surprisingly good hunting, this could be it.  Be sure to check out the highlight video for an even better look at this farm.

 

FARMING/INCOME DETAILS

This farm has undergone over $65,000 of improvements which include professional tilling of the flat bottom field, dirt work and removal of 4-5 acres of cedar brush to increase planted acres.

There are 140+/- certified acres (CSR II of 55.6) being farmed and rented at $230 per acre with agreed upon P&K application rate paid by farmer (22-104-120 applied for 2019).  This equates to $32,216 of annual income, or over 4.% return at the asking price.  If desired, the contract could be terminated for 2019. 

This farm lays very well and has large continuous fields as you can see in the aerial pictures.  With higher than county average CSR, good access, and a well-cared for property, this farm would make an excellent add on farm to an existing operation or investment tract.

 

HUNTING DETAILS

For an investment minded hunter, this farm has the best of both worlds…good income and great hunting.  From an aerial view, you might not appreciate the habitat and huntability.  However, if you notice the timbered fingers connecting this farm to approximately 400 acres of NO HUNTING to the East, it makes since why there are so many deer using it.  This large sanctuary provides a great bedding area to hold huge numbers of deer and most all of them are feeding on this farm or traveling through the timber draws during the rut.  Trail camera pictures show just a glimpse of the great age structure on this farm from young bucks with huge potential to some nice trophy sized deer. The number of deer using this area as a destination food source is incredible.  When walking the farm, we saw over 25 feeding in the corn right across the road.  With a few strategic pockets of standing grain and clover strips, this farm will be fantastic all throughout the season.  The recent Timber Stand Improvements to increase bedding will only make it better as time goes on too.

Note, if desired, the owner would agree to survey off the SE bottom field with surrounding timber and keep that as a small hunting parcel.

SUMMARY

  • 178 +/- Gross Acres just SW of Chariton in Lucas County, Iowa
  • 140+/- Certified acres (55.6 CSRII) rented @ $230/acre ($32,216)
  • Over 4% Annual Return at Asking Price
  • Hunting Lease could increase return
  • 2019 Fertilized (22-104-120) already applied
  • If closing before planting, 2019 lease could be terminated
  • $65,000 of recent Tile, dirt work, brush clearing
  • 400 acres of NO HUNTING adjacent to East
  • Under 1 hr. to Des Moines
  • Highlight video available soon
  • Seller willing to survey off and Keep SE bottom as small hunting parcel
  • Downloadable Maps below

Share this Listing:

Property Documents

Video

Detail

  • Property ID: LC 178
  • Price: $747,600
  • Property Size: 178 Acres
  • Property Type: Farms & Ranches
  • Property Status: For Sale
  • Address: 460th St Chariton Warren Lucas County
  • County: Lucas County
  • State: Iowa
  • Zip Code: 50049